Norinchukin Bank The Buys 2,512 Shares of WEC Energy Group, Inc. $WEC

Norinchukin Bank The lifted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 16.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,733 shares of the utilities provider’s stock after buying an additional 2,512 shares during the quarter. Norinchukin Bank The’s holdings in WEC Energy Group were worth $1,933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Horizon Investment Services LLC acquired a new position in WEC Energy Group during the first quarter worth about $379,000. Los Angeles Capital Management LLC grew its holdings in shares of WEC Energy Group by 2,964.9% during the first quarter. Los Angeles Capital Management LLC now owns 108,651 shares of the utilities provider’s stock worth $11,841,000 after purchasing an additional 105,106 shares during the last quarter. AustralianSuper Pty Ltd acquired a new position in shares of WEC Energy Group in the 1st quarter worth approximately $10,333,000. Sowell Financial Services LLC acquired a new position in shares of WEC Energy Group in the 1st quarter worth approximately $325,000. Finally, CWA Asset Management Group LLC boosted its holdings in shares of WEC Energy Group by 5.6% during the 1st quarter. CWA Asset Management Group LLC now owns 2,947 shares of the utilities provider’s stock worth $321,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Trading Down 0.0%

NYSE WEC opened at $108.4310 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.28. WEC Energy Group, Inc. has a twelve month low of $91.89 and a twelve month high of $111.90. The firm has a market capitalization of $34.90 billion, a PE ratio of 20.77, a P/E/G ratio of 2.98 and a beta of 0.42. The stock’s 50 day moving average is $106.88 and its 200 day moving average is $106.35.

WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 30th. The utilities provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.71 by $0.05. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. Research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Thursday, August 14th will be given a dividend of $0.8925 per share. This represents a $3.57 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Thursday, August 14th. WEC Energy Group’s dividend payout ratio is 68.39%.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,620 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $111.00, for a total value of $179,820.00. Following the completion of the sale, the director owned 20,360 shares in the company, valued at $2,259,960. This represents a 7.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gale E. Klappa sold 5,960 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $110.98, for a total value of $661,440.80. Following the completion of the transaction, the director directly owned 274,969 shares of the company’s stock, valued at approximately $30,516,059.62. This trade represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,448 shares of company stock valued at $7,581,132. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group set a $107.00 target price on WEC Energy Group and gave the stock a “neutral” rating in a report on Friday, July 11th. The Goldman Sachs Group lowered WEC Energy Group from a “neutral” rating to a “sell” rating and decreased their target price for the company from $106.00 to $100.00 in a research report on Wednesday, June 25th. Wells Fargo & Company increased their price target on WEC Energy Group from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Barclays raised their target price on WEC Energy Group from $99.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 29th. Finally, Scotiabank set a $115.00 target price on WEC Energy Group and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus price target of $106.40.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.